Dynacor Beats 2025 Sales and Production Guidance and Provides 2026 Outlook

Core Insights - Dynacor Group Inc. reported strong preliminary operating results for Q4 and full-year 2025, with gold-equivalent production reaching 32,838 ounces in Q4-2025, contributing to record sales of $397.6 million for the year [2][7]. Q4 & Full-Year 2025 Highlights - The company exceeded its revised annual production guidance, achieving a total gold-equivalent production of 113,791 ounces for the year [7]. - The average price realized for gold sold was $3,494 per ounce [7]. - Q4-2025 production marked a 20% increase compared to Q4-2024, indicating improved operational efficiencies [7]. - Dynacor acquired the Svetlana plant in Ecuador, with initial production expected in Q4-2026, and advanced the Senegal pilot plant towards operational readiness [7]. 2026 Guidance - Sales are projected to be between $530 million and $580 million [5]. - Production is expected to range from 125,000 to 135,000 AuEq ounces, incorporating contributions from new plants in Senegal and Ecuador [6]. - Net income is forecasted to be between $22 million and $26 million [5]. - Capital expenditures are planned as follows: $6-8 million for sustaining capex in Peru, $4-5 million for Senegal, and $22-25 million for Ecuador [5]. Capital Expenditures - Sustaining capital expenditures in Peru are estimated at approximately $7 million, primarily for upgrading facilities [14]. - Capital investment in Ecuador includes $7 million deferred from 2025, focusing on the Svetlana plant upgrades [14]. - Senegal's capital expenditure will cover costs related to the pilot plant and mobile fleet acquisition [14]. Strategic Outlook - 2026 is positioned as a pivotal year for Dynacor, focusing on unlocking the potential of its diversification strategy through capital investments and increased capacity [3]. - The company aims to combine operational excellence with an ambitious expansion plan to enhance shareholder value [3].